Beese Fulmer Investment Management Inc. Sells 89 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Beese Fulmer Investment Management Inc. cut its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,532 shares of the medical equipment provider’s stock after selling 89 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Intuitive Surgical were worth $753,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its position in shares of Intuitive Surgical by 40.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 12,330 shares of the medical equipment provider’s stock valued at $6,044,000 after acquiring an additional 3,565 shares during the period. International Assets Investment Management LLC grew its holdings in Intuitive Surgical by 49,383.6% during the third quarter. International Assets Investment Management LLC now owns 1,090,619 shares of the medical equipment provider’s stock worth $535,788,000 after purchasing an additional 1,088,415 shares during the period. McAdam LLC acquired a new position in Intuitive Surgical during the third quarter worth approximately $225,000. TFG Advisers LLC increased its position in Intuitive Surgical by 5.0% during the third quarter. TFG Advisers LLC now owns 753 shares of the medical equipment provider’s stock worth $370,000 after buying an additional 36 shares during the last quarter. Finally, Greenleaf Trust raised its stake in Intuitive Surgical by 0.8% in the third quarter. Greenleaf Trust now owns 27,043 shares of the medical equipment provider’s stock valued at $13,285,000 after buying an additional 209 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on ISRG shares. Redburn Atlantic raised Intuitive Surgical from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $380.00 to $510.00 in a report on Friday, August 2nd. Truist Financial upped their price objective on shares of Intuitive Surgical from $520.00 to $570.00 and gave the company a “buy” rating in a report on Monday, October 14th. Stifel Nicolaus raised their target price on shares of Intuitive Surgical from $475.00 to $525.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Leerink Partners upped their price target on shares of Intuitive Surgical from $489.00 to $502.00 in a research note on Thursday, October 17th. Finally, Oppenheimer restated a “market perform” rating on shares of Intuitive Surgical in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus target price of $513.74.

Intuitive Surgical Stock Performance

Shares of ISRG opened at $512.58 on Thursday. Intuitive Surgical, Inc. has a 52-week low of $254.85 and a 52-week high of $523.34. The firm has a market cap of $181.81 billion, a price-to-earnings ratio of 92.52, a PEG ratio of 5.40 and a beta of 1.39. The business’s fifty day moving average is $486.71 and its 200-day moving average is $440.96.

Insiders Place Their Bets

In other news, EVP Robert Desantis sold 1,413 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $438.60, for a total value of $619,741.80. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,414,931.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Intuitive Surgical news, Director Amal M. Johnson sold 2,943 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $443.30, for a total value of $1,304,631.90. Following the completion of the transaction, the director now owns 12,275 shares of the company’s stock, valued at $5,441,507.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Desantis sold 1,413 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $438.60, for a total value of $619,741.80. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at $2,414,931.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,455 shares of company stock valued at $24,911,155. 0.90% of the stock is currently owned by corporate insiders.

About Intuitive Surgical

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.